Brady Announces Completion of Tradex Converting AB Acquisition
May 23 2006 - 6:02PM
PR Newswire (US)
MILWAUKEE, May 23 /PRNewswire-FirstCall/ -- Brady Corporation
(NYSE:BRC), a world leader in identification solutions and
precision die-cut components, today announced that it had completed
its acquisition of Tradex Converting AB. Tradex, with fiscal 2005
sales of approximately SEK 680 million (approximately $90 million,
based on current exchange rates), is a leading manufacturer and
supplier of pressure sensitive, die-cut components for the mobile
handset and electronics industries. It employs about 1,000 people
in operations in Sweden, China, South Korea and Brazil. Brady
Corporation is an international manufacturer and marketer of
complete solutions that identify and protect premises, products and
people. Its products include high-performance labels and signs,
safety devices, printing systems and software, and precision
die-cut materials. Founded in 1914, the company has more than
300,000 customers in electronics, telecommunications,
manufacturing, electrical, construction, education, medical and a
variety of other industries. Brady is headquartered in Milwaukee
and employs about 6,500 people in operations in the United States,
Europe, Asia/Pacific, Latin America and Canada. Brady's fiscal 2005
sales were approximately $816 million. More information is
available on the Internet at http://www.bradycorp.com/ . This news
release contains "forward-looking statements" within the meaning of
the Private Securities Litigation Reform Act of 1995 - that is,
statements related to future, not past events. In this context
forward-looking statements often address our expected future
business and financial performance, and often contain certain words
such as "expect, anticipate, intend, plan, believe, seek, will, or
may." Forward-looking statements by their nature address matters
that are, to different degrees uncertain. For us, uncertainties
arise from future financial performance of major markets we serve
which include, without limitation, telecommunications,
manufacturing, electrical, construction, laboratory, education,
governmental, public utility, computer, transportation;
difficulties in making and integrating acquisitions; risks
associated with newly acquired businesses; our ability to retain
significant contracts and customers; future competition; our
ability to develop and successfully market new products; changes in
the supply of, or price for, parts and components; increased price
pressure from suppliers and customers; interruptions to sources of
supply; environmental, health and safety compliance costs and
liabilities; our ability to realize cost savings from our operating
initiatives; our ability to attract and retain key talent;
difficulties associated with exports; risks associated with our
international operations; fluctuations in currency rates versus the
US dollar; technology changes; potential write-offs of our
substantial intangible assets; risks associated with obtaining
governmental approvals and maintaining regulatory compliance for
new and existing products; business interruptions due to
implementing business systems; and numerous other matters of
national, regional and global scale, including those of a
political, economic, business, competitive and regulatory nature
and those identified in reports we file with the SEC. These
uncertainties may cause our actual future results to be materially
different than those expressed in our forward-looking statements.
We do not undertake to update our forward-looking statements.
DATASOURCE: Brady Corporation CONTACT: Barbara Bolens of Brady
Corporation, +1-414-438-6940 Web site: http://www.bradycorp.com/
Company News On-Call: http://www.prnewswire.com/comp/952350.html
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